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Morgan Stanley (MS) disclosed in a regulatory filing that its Chairman and Chief Executive Officer James Gorman received a total compensation of $23.27 million, including base salary, stock grants and Bonus in 2014, compared to the $14.41 million he received in 2013, and $10.67 million he got in 2012. The...

KBR Inc. (KBR) agreed to pay a $130,000 penalty to settle the SEC's charges and the company voluntarily amended its confidentiality statement by adding language making clear that employees are free to report possible violations to the SEC and other federal agencies without KBR approval or fear of retaliation. According...

Europe's competition regulator is preparing to move against Google Inc. (GOOG, GOOGL) in the next few weeks, the Wall Street Journal reported citing a person familiar with the matter. The European Commission has been asking companies that filed complaints against Google for permission to publish some...

McDonald's USA (MCD) announced enhanced benefits for employees at its company-owned restaurants, including a wage increase and paid time-off for full and part-time crew employees. By the end of 2016, McDonald's projects that the average hourly wage rate for McDonald's employees at company-owned restaurants...

Citigroup Inc. (C) is preparing to sell Prime Reinsurance Co., a subsidiary created five years ago to ease the spinoff of life insurer Primerica Inc., Bloomberg reported citing people familiar with the matter. The unit, known as Prime Re, could draw interest from Reinsurance Group of America Inc.,...

BB&T Insurance Holdings Inc., a subsidiary of BB&T Corp. (BBT), announced it has reached an agreement to significantly increase its partnership interest in AmRisc, LP. In a related agreement, BB&T Corp. agreed to sell American Coastal Insurance Company or AmCoastal to certain members of the AmRisc...

Target Canada Co., a unit of Target Corp. (TGT), announced that it will complete its inventory liquidation efforts and close the last of its 133 Canadian retail stores to the public on April 12. In addition, Target Canada's three distribution centres and Mississauga headquarters have been closed....

Canadian oil giant Suncor Energy Inc. (SU.TO, SU) provided an update on its progress on cost management measures in response to the low crude price environment, as well as an update on operations. Suncor confirmed it is on track to achieve the $1 billion reduction in its 2015 capital budget, while maintaining...

The U.S. Commodity Futures Trading Commission has charged Kraft Foods Group Inc (KRFT) and Mondelez Global LLC (MDLZ) for wheat price manipulation and reaping undue profit in the process, reports said on Wednesday. The complaint against Kraft and Mondelez is that the companies used manipulative practices...

Progress Software Corp. (PRGS) reported a net loss for the first quarter of $1.0 million or $0.02 per share, compared to net income of $11.1 million or $0.21 per share for the year-ago quarter. Excluding items, adjusted net income for the first quarter was $15.1 million or $0.29 per share, compared...

Arista Networks Inc (ANET), a provider of cloud networking solutions, on Wednesday said its Chief Financial Officer Kelyn Brannon will leave the company for personal reasons. Brannon has served Arista as CFO since July 2013. Arista said it has named Andreas Bechtolsheim as acting CFO, and has begun...

Hutchinson Technology Inc (HTCH), a supplier of critical precision component technologies, on Wednesday said its second-quarter sales totaled about $62 million. Analysts polled by Thomson Reuters expected the company to report sales of $65.2 million for the quarter. Hutchinson, which said the results...

Sigma Designs, Inc. (SIGM) reported a net loss for the fourth quarter of $3.6 million or $0.10 per share, compared to net income of $1.3 million or $0.04 per share for the year-ago quarter. Excluding items, adjusted net income for the fourth quarter was $1.5 million or $0.04 per share, compared to...

Sportsman's Warehouse Holdings Inc (SPWH) on Wednesday reported fourth-quarter net earnings of $3.2 million or $0.08 per share compared with $7.4 million or $0.22 per share last year. Excluding items, adjusted earnings for the quarter were $0.22 per share compared with $0.18 per share a year ago. Revenues...

Memory chip maker Micron Technology, Inc. (MU) reported net income for the second quarter of $934 million or $0.78 per share, compared to $731 million or $0.61 per for the year-ago quarter. Excluding items, adjusted net income for the latest quarter was $941 million or $0.81 per share. Net sales...

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